:00:00. > :00:00.threshold to one million pounds in their manifesto for the next general
:00:00. > :00:00.election. Now on BBC News all the latest business news live from
:00:00. > :00:19.Singapore. Hope turns to tragedy for the
:00:20. > :00:25.relatives of the missing Malaysian airliner. How technology is helping
:00:26. > :00:28.to solve the mystery. As protest in Taiwan and the second week, we ask
:00:29. > :00:40.how will it affect foreign businesses?
:00:41. > :00:46.As we have been reporting, the Malaysian prime Minister has
:00:47. > :00:51.announced that the missing flight MH370 he crashed in the southern
:00:52. > :00:56.Indian Ocean. It is a devastating time for the relatives who have been
:00:57. > :00:59.holding on to hope that their loved ones were still alive. The
:01:00. > :01:06.conclusion follows information based on analysis from British satellite
:01:07. > :01:12.companies. Like comparing satellite data from previous flights, they
:01:13. > :01:16.were able to work out that the aircraft took a route south of its
:01:17. > :01:21.original path. Our correspondence spoke to the team which helped solve
:01:22. > :01:34.the mystery of where the plane may have ended up. We initiated a series
:01:35. > :01:41.on the basis of signals and we send those two communications
:01:42. > :01:44.authorities. We analyse the data by taking Malaysian 777 data, modelling
:01:45. > :01:50.that, and then putting it against the northern and southern path. What
:01:51. > :01:56.we discovered was that the path to the south was the one taken. You
:01:57. > :02:01.compared it to other aircraft. Why have you not come up with this
:02:02. > :02:04.before? We have been dealing with a totally new area. We have been
:02:05. > :02:10.trying to help an investigation based on a single signal, once an
:02:11. > :02:15.hour, from an aircraft that did not include any GPS data or any time and
:02:16. > :02:19.distance information. This was really a shot in the dark and is a
:02:20. > :02:25.credit to our scientific team that they were able to model this. They
:02:26. > :02:30.could find a way to say that a single signal could be used to work
:02:31. > :02:34.out that the plane was powered up and travelling and by comparing it
:02:35. > :02:40.to other known flights, they established that it went south. Can
:02:41. > :02:45.you pinpoint this any further? We cannot help you with any closer
:02:46. > :02:49.data. If aircraft were mandated to report their position, we would be
:02:50. > :02:53.able to tell you in instant. That will frighten a lot of people that
:02:54. > :03:02.an aircraft could just go missing. Can we stop this happening? It can
:03:03. > :03:06.happen now. Any aircraft can use existing technology, something like
:03:07. > :03:11.SMS text messages, that give you time, speed, distance, and position.
:03:12. > :03:15.It can be done now and it is a wonder that it has not been done
:03:16. > :03:20.five years after the air fronts disaster but the industry is
:03:21. > :03:25.slow`moving and needs to evolve with technologies that are already
:03:26. > :03:28.established with regard to long`range tracking for ships at
:03:29. > :03:33.sea. It is inconceivable that ships at sea would not now report their
:03:34. > :03:38.position every six hours. Surely an aircraft flying at 470 knots can
:03:39. > :03:44.report its position every 15 minutes and that can be done at wholesale
:03:45. > :03:47.rates of $1 per hour. This is a British company at the forefront of
:03:48. > :03:54.helping to find this aircraft. He must have mixed feelings about
:03:55. > :03:58.that? Yes. We are very sad for the families who have lost loved ones.
:03:59. > :04:01.We are also pleased that it appears that we have made a useful
:04:02. > :04:09.contribution and it formed part of our 34 years of supplying the global
:04:10. > :04:17.maritime distress service. Safety is part of our DNA. We are pleased with
:04:18. > :04:20.that. Protesters in Taiwan are keeping up
:04:21. > :04:23.pressure on the government about a proposed trade deal with China.
:04:24. > :04:27.Demonstrations enter a second week despite the forced eviction of some
:04:28. > :04:33.practices from the office of the Premier. They want the trade deal to
:04:34. > :04:39.be scrapped but the president says that Taiwan risks marginalisation
:04:40. > :04:44.without it. I asked our expert whether these protest with the
:04:45. > :04:47.agreement in jeopardy. The ratification of the agreement will
:04:48. > :04:51.be delayed but we do not know for how long. Eventually, there will be
:04:52. > :04:56.some kind of compromise between the protesters and the legislators and
:04:57. > :05:00.president. That kind of compromise is probably something that will
:05:01. > :05:07.involve a more detailed review. What could be this middle ground? Or are
:05:08. > :05:12.there indications that Taiwanese government officials will not back
:05:13. > :05:16.down? They will not back down. This agreement is crucial politically to
:05:17. > :05:20.the President. It is part of his platform of close relations with
:05:21. > :05:29.China and of showing that Taiwan should be a participant in local
:05:30. > :05:36.trade agreements. Could this impact relations between China and Taiwan?
:05:37. > :05:40.China certainly cares. They watch Taiwan domestic politics closely for
:05:41. > :05:47.its impact on relations. China will be very disappointed at the failure
:05:48. > :05:52.of the President is to move this agreement through the legislature.
:05:53. > :06:00.What about you, doing business in Taiwan? How does this trade deal
:06:01. > :06:04.impact your business. Will you benefit? Most service providers will
:06:05. > :06:10.stand to benefit. One of the selling points of Taiwan is that it is near
:06:11. > :06:15.China, just like Hong Kong, but it has a stronger cultural affinity
:06:16. > :06:20.with China. For multinational investors, anything in Taiwan that
:06:21. > :06:25.facilitates close of business ties with China is usually a positive. If
:06:26. > :06:29.there are going to be barriers then investors will look for other
:06:30. > :06:33.options, such as Korea which is negotiating a trade agreement with
:06:34. > :06:39.China. It is a win`win situation for local businesses and foreign
:06:40. > :06:44.businesses doing business in Taiwan if this trade deal pushes through?
:06:45. > :06:50.Absolutely. There is a perception by some in Taiwan that it moves Taiwan
:06:51. > :06:54.to close politically to China and that it might lead to job losses in
:06:55. > :07:01.Taiwan. Whether these things are true it remains to be seen. Russia
:07:02. > :07:08.says it expects investors to move out up to 70 billion US dollars of
:07:09. > :07:11.assets from the country. This is a sign that investors are becoming
:07:12. > :07:17.nervous about sanctions and tensions over Ukraine. There are warnings are
:07:18. > :07:23.stagnant growth and rising inflation. The head of the EU money
:07:24. > :07:27.agency has said that virtual currencies are being used for
:07:28. > :07:41.money`laundering. An American firm has also created a legal framework
:07:42. > :07:47.to sell swaps related to Bitcoins. Colleagues of Bernard Madoff have
:07:48. > :07:55.been convicted of helping him with his $17.5 billion scheme exposed by
:07:56. > :07:58.the 2008 financial crisis. A New Zealand Internet entrepreneur facing
:07:59. > :08:10.extradition to the US has announced plans to go public. Kim .com wants
:08:11. > :08:16.to list his public company. He resigned as a director of the
:08:17. > :08:21.company in August to focus on fighting extradition while his wife
:08:22. > :08:24.owns 26.5% of the company. The Internet has become a crucial part
:08:25. > :08:30.of our everyday lives but very few of us will ever think of the
:08:31. > :08:33.technical rules which govern it. That is a good thing according to
:08:34. > :08:44.the people who write those rules. The US government is phasing out its
:08:45. > :08:50.control of that organisation. It is called ICN. Its president says that
:08:51. > :08:57.the changes will not have any difference in customer use. This is
:08:58. > :09:02.a courageous decision and we are embracing it. We need to come
:09:03. > :09:05.together and start planning the composition from US oversight to
:09:06. > :09:11.global, multi` stakeholder oversight. But it has transitioned
:09:12. > :09:20.as not go according to plan, what kind of repercussions could this
:09:21. > :09:26.have for the world wide web? The US was very clear that unless we come
:09:27. > :09:30.back as a community with a plan that meets some basic requirements to
:09:31. > :09:36.ensure the security, stability, and resilience of the technical
:09:37. > :09:42.infrastructure that we co`ordinate, they will not change their oversight
:09:43. > :09:45.plan. There is no danger. It is under control and what we have to do
:09:46. > :09:52.is respond with a proposal and we can move from that oversight model
:09:53. > :09:55.to a global oversight model. Who will now be accountable? We are
:09:56. > :10:01.designing the accountability mechanisms now. These are review
:10:02. > :10:11.mechanisms, other mechanisms, recourse mechanisms, that will be
:10:12. > :10:13.managed by the community. Here is a quick look at Asian stock markets
:10:14. > :10:28.before we go. All the markets are in the loss
:10:29. > :10:38.column. Thank you for investing your time with us.
:10:39. > :10:44.The main news stories this hour. Some of the Chinese relatives of
:10:45. > :10:45.passengers now presumed killed on the